A central New Jersey community thrift seeking cheap capital has become the first in the state in several years to sell its debt on the public market.

Burlington-based FMS Financial Corp. raised almost $10 million in a July 21 debt sale. Some 491 small investors purchased $1,000 debt certificates, investing between $10,000 to $50,000 each.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.